Latest Scandinavian Financing News

Nordic Innovation House Singapore reception celebrated partnership success

As the week-long Nordic activities was drawing to a close in Singapore–probably the most important week of year for the Nordics in Singapore–during Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH), a Nordic Innovation House reception took place at the Swedish Ambassador HE Mr Niclas Kvarnström’s Residence. All the participants in…

SFF x SWITCH: Nordic start-up pitches, Singapore Fintech Association partnership

As Singapore FinTech Festival (SFF) x Singapore Week of Innovation and TeCHnology (SWITCH) came together for the first time in 2019 the Nordic countries were present in full force, including this year also five start-ups from Iceland. Ambassador of Iceland to Singapore, Ms. Sigríður Á. Snævarr, were in attendance and also hosted a welcome reception…

Norwegian William Klippgen heads a new fund of NOK 190 million in Singapore.

Norwegian technology founder and investor William Klippgen, who lives in Singapore, and British angel investor Michael Blakey has set up a Singapore-based fund of $ 22 million – equivalent to NOK 190 million. A number of other Norwegian investors, including former Lazada president Stein Jakob Øie, McKinsey’s Asia chief Oliver Tonby and Creandum partner Martin…

Swedes launch lending platform in Singapore, target Southeast Asia

Lendela, set up in 2018 in Singapore by founders from Sweden and global fintech group Zentro, forms proof of how Singapore is a preferred hub also for start-ups when it comes to entering the Southeast Asian market. And with the right business model local financing can, it appears, easily be obtained. Lendela is in the…

Singapore FinTech Festival a big draw also for the Nordics

Singapore FinTech Festival 2018 (the biggest such event in the world), which drew close to 45,000 participants from almost 130 countries, included significant participation from the Nordic countries. Both Denmark and Sweden came with delegations (Sweden also with two days in Kuala Lumpur) The flagship Singapore event provides a global platform for the FinTech community…

Inaugural China-Denmark Blockchain Experts’ Dialogue

On behalf of the European Blockchain Centre at IT University of Copenhagen and the Tech Ambassador of Denmark, the Innovation Centre Denmark in Shanghai on 13-16 November arranged the first “China-Denmark Blockchain Experts’ Dialogue” – held in in Shanghai, Hangzhou and Suzhou. Danish companies, start-ups and universities participated, where the purpose of the dialogue-tour was…

EU Chamber China President Mats Harborn met China Banking Commission

On 20th November, European Chamber President Mats Harborn led a small delegation to meet with Wang Zhaoxing, Vice Chairman of the newly formed China Banking and Insurance Regulatory Commission (CBIRC), and presented European Business in China Position Paper 2017/2018 to him. Vice Chairman Wang reiterated China’s commitment to far reaching reform in the banking and…

Head of the largest Nordic bank branch in Asia, Jan Stjernström, is retiring after 40 years in the business

He has worked in over 50 different countries, doing transactions, and his career has spanned 40 years in the banking business. Now, after five years as the head of the largest Nordic Bank branch in Asia, Jan Stjernström retires from SEB Singapore. As a young banker in 1984, Swedish Jan Stjernström travelled to Southeast Asia…

Danske Bank hosted Sino-Nordic Seafood Forum

Danske Bank has hosted the second ‘Danske Bank Sino-Nordic Seafood Forum’ in Qingdao China. 17 companies on three panels and full house of guests consisting of leading seafood industrial players and investors from China and the Nordics gathered to discuss growth prospects, sector outlook and cross border cooperation, reported Danske Bank. Source: Yanling Zheng of…

Swedish Collectius takes of non-performing loans Philippines

Collectius is continuing to purchase portfolios of non-performing consumer loans within Southeast Asia. The company is now spearheading the first secured portfolio in the Philippines when taking over 40 million USD non-performing loan (NPLs) portfolio with cars as collateral. The deal that consist of both auto and personal loans is Collectius’ third bank portfolio of…